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Forecasting the price of farmed Atlantic salmon: An integrated econometric and time series approach

Author

Listed:
  • Biing-Hwan Lin

    (Department of Agricultural Economics and Rural Sociology, University of Idaho)

  • Mark Herrmann

    (Department of Agricultural Economics, Washington State University)

  • Tsae-Yun Lin

    (Department of Agricultural Economics, Washington State University)

  • Ron C. Mittelhammer

    (Mathematical Statistician, Division of Biometrics, Food and Drug Administration)

Abstract

The demand for and supply of Norwegian farmed Atlantic salmon in the United States and European Community are estimated using a dynamic specification and monthly statistics spanning from 1983 through 1987. Time series analysis is conducted to generate future values of exogenous variables which are incorporated into the econometric model to forecast the future FOB prices of Norwegian farmed Atlantic salmon in the US and the EC. The results show that these prices will be in a slight decline but not enough to be of great concern to the US salmon fishermen and famers in the short-run.

Suggested Citation

  • Biing-Hwan Lin & Mark Herrmann & Tsae-Yun Lin & Ron C. Mittelhammer, 1989. "Forecasting the price of farmed Atlantic salmon: An integrated econometric and time series approach," Agribusiness, John Wiley & Sons, Ltd., vol. 5(5), pages 477-488.
    • Handle: RePEc:wly:agribz:v:5:y:1989:i:5:p:477-488
    DOI: 10.1002/1520-6297(198909)5:5<477::AID-AGR2720050506>3.0.CO;2-Z
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    Citations

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    Cited by:

    1. Mark L. Herrmann & Biing-Hwan Lin & Ron C. Mittelhammer, 1991. "Effects of countervailing duty on Norwegian farmed salmon," Agribusiness, John Wiley & Sons, Ltd., vol. 7(4), pages 339-355.
    2. Seeger, Riley Martin, 2015. "Determinants of Bristol Bay Sockeye Demand and Ex-Vessel Price Implications Based on Key Market-Clearing Factors," SS-AAEA Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 2015, pages 1-25.
    3. Lin, Biing-Hwan & Herrmann, Mark & Lin, Tsae-Yun & Mittelhammer, Ron C., 1989. "Future Price Of Farmed Atlantic Salmon," 1989 Annual Meeting, July 30-August 2, Baton Rouge, Louisiana 270470, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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